---
title: "DBAPPSecurity Co., Ltd (688023.SH)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/688023.SH.md"
symbol: "688023.SH"
name: "DBAPPSecurity Co., Ltd"
industry: "Systems Software"
datetime: "2026-05-20T16:47:02.065Z"
locales:
  - [en](https://longbridge.com/en/quote/688023.SH.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688023.SH.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688023.SH.md)
---

# DBAPPSecurity Co., Ltd (688023.SH)

## Company Overview

DBAPPSecurity Co., Ltd. engages in the research and development, manufacture, and sale of cybersecurity products in China. The company provides security management, such as unified management and AiLog big data log management and analysis platform; database audit and risk control systems; network detection and response and unified endpoint security systems; web application firewall and vulnerability scanning systems; and website monitoring services and web application firewall services. It also offers MDR services; deployment and implementation; fine tuning; upgrade and health check; AL security services employee; penetration testing; compliance; vulnerability assessment; red tearing; and product support services.

| Item | Detail |
|------|--------|
| Industry | Systems Software |
| Exchange | CN Market |
| Website | [www.dbappsecurity.com.cn](https://www.dbappsecurity.com.cn) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: C
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-20T04:30:11.000Z

**Overall: C (0.55)**

**Industry**: Systems Software

| Metric | Value |
|--------|-------|
| Industry Ranking | 14 / 37 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

**Multi Score**: C

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 4.44% |  |
| Net Profit YoY | 44.75% |  |
| P/B Ratio | 2.10 |  |
| Dividend Ratio | 0.00% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 4686335465.30 |  |
| Revenue | 2169110652.65 |  |

#### Multi Score Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -2.58% | D |
| Profit Margin | -2.78% | D |
| Gross Margin | 55.65% | B |
| Revenue YoY | 4.44% | C |
| Net Profit YoY | 44.75% | B |
| Total Assets YoY | -13.08% | E |
| Net Assets YoY | -8.43% | D |
| Cash Flow Margin | -483.83% | E |
| OCF YoY | 4.44% | C |
| Turnover | 0.49 | C |
| Gearing Ratio | 45.28% | C |

```chart-data:radar
{
  "title": "Longbridge Financial Score - DBAPPSecurity Co., Ltd",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "4.44%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "44.75%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "2.10",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "0.00%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "4686335465.30",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "2169110652.65",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "-2.58%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "-2.78%",
          "rating": "D"
        },
        {
          "name": "Gross Margin",
          "value": "55.65%",
          "rating": "B"
        },
        {
          "name": "Revenue YoY",
          "value": "4.44%",
          "rating": "C"
        },
        {
          "name": "Net Profit YoY",
          "value": "44.75%",
          "rating": "B"
        },
        {
          "name": "Total Assets YoY",
          "value": "-13.08%",
          "rating": "E"
        },
        {
          "name": "Net Assets YoY",
          "value": "-8.43%",
          "rating": "D"
        },
        {
          "name": "Cash Flow Margin",
          "value": "-483.83%",
          "rating": "E"
        },
        {
          "name": "OCF YoY",
          "value": "4.44%",
          "rating": "C"
        },
        {
          "name": "Turnover",
          "value": "0.49",
          "rating": "C"
        },
        {
          "name": "Gearing Ratio",
          "value": "45.28%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -75.84 | 32/37 | - | - | - |
| PB | 2.05 | 4/37 | 2.52 | 2.33 | 2.14 |
| PS (TTM) | 2.11 | 3/37 | 2.79 | 2.60 | 2.37 |
| Dividend Yield | 0.00% | - | - | - | - |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | SANGFOR (300454.SZ) | B | B | B | B | B | B |
| 02 | Hoperun Software (300339.SZ) | C | B | B | B | C | B |
| 03 | Dameng Database (688692.SH) | A | A | C | A | B | B |
| 04 | SCIYON (002380.SZ) | B | C | C | B | B | B |
| 05 | Infosec (688201.SH) | C | B | C | A | C | B |

## Institutional View

### Analyst Rating Distribution

> As of 2026-05-04T16:00:00.000Z

Total Analysts: **4**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 3 | 75% |
| Underweight | 1 | 25% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 44.84 |
| Highest Target | 71.00 |
| Lowest Target | 41.00 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/688023.SH/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/688023.SH/norm.md)
- [Related News](https://longbridge.com/en/quote/688023.SH/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/688023.SH/filings.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**